No explanation needed, you just need to highlight the correct answer.
50 Dollars MC $70 - ATC 30 MR1 250 Homes Serviced per Month Consider the following figure. the Monopolist profit is (1 Point) 8000 4000 10000 7500As shown in the figure. the profitmaximizing or {cussminimizing output fur this munupulist is (1 Point} O 100 units per day. O 200 units per day. 0 300 units per day. 0 400 units per day. 52 If a firm's revenues just cover all its opportunity costs, then: (1 Point) O normal profit is zero. O economic profit is zero. O total revenues equal its explicit costs. total revenues equal its implicit costs. 53 If the economy experiences inflation along with a high rate of inflation such a situation is called (1 Point) slump. O Stagflation Demand-pull inflation O Creeping inflationA profitmaximizing firm in a competitive market is currentlyr producing 1 units at dutput. It has average revenue of $12, average total cast of $8, and xed casts of $2M}. Firm's prat is [1 Paint} If you knew that with 3 units of outputr the average fixed cost is $12.50, and the average variable cost is $31.25, then total test at this output level is: [1 Point} 5.? The studyr of groups and broad aggregates of the economy is known as [1 Point) 0 Microeconomics Q Macroeconomics Q Intemationai Economics 0 Eco no metrics 5E.= Which statement is FALSE? [1 Point} 0 Fixed costs do not depend on the rm's levei of output. 0 Fixed costs are zero if the firm is producing nothing. 0 Fixed costs are the difference between total costs and totai variable costs. 0 There are no xed costs in the iong run. Budget is another name of [1 Point} 0 Fiscal Poiiqr O l'-.:"lonetar1-.ur policy 0 Commercial F'olioj.f 0 Environment Policyr The record of a country's transactions in goods, services, and assets with the rest of the world is its ' while the difference between a country's merchandise exports and its merchandise imports is the [1 Point} 0 current account trade balance. 0 capitai account: balance of payments. 0 balance of trade: capital account. 0 balance of payments: balance of trade 'l A perfectly competitive rm sells its output for $100 per unit, and the minimum average variabie cost is $159 per unit. The rm should [1 Point} 0 increase output. 0 decrease output. but not shut down. 0 maintain its current rate of output. 0 shut down. A group of rms that gets together to make price and output decisions is called [1 Point} O a noncollusive oligopoly. O price leadership. Q a cartel. O a concentrated industry,f 63 in the Balance of payments statement, the Foreign Remittances are recorded into [1 Point} 0 current account 0 capitaIaccount 0 Cash account 0 None of the above .54 in the Balance of payments statement, the Loans are recorded into (1 Point} 0 current account 0 capitataccount 0 Cash account 0 None of the above
